Calcutta High Court refuses to reject a ₹65 lakh recovery suit at the threshold, holding that whether the transaction is a commercial dispute and barred under the Bengal Money-Lenders Act requires trial.
Read Full ArticleThe Supreme Court held that an outgoing partner’s share in a dissolved firm’s immovable assets must be valued at the time of final assessment, not frozen at the date of dissolution, and that a reconstituted firm cannot retain the assets without settling the outgoing partner’s share.
Supreme Court rules that time spent in winding-up proceedings cannot be excluded under Section 14 of the Limitation Act for a separate money recovery suit, as the two remedies are fundamentally different.
Kerala High Court rules that a partner cannot invoke an arbitration clause or seek appointment of an arbitrator without express authorisation from co-partners.
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